| Home | About Us | Services | Clients | Transactions | Newsroom | Careers | Contact Us |
China eCapital Advised Bona Film Group in Series B Financing |
||||||||
|
||||||||
Beijing , China , July 9, 2009 – Bona International Film Group Ltd. (Bona Group, formerly known as Polybona), a leading privately-held film production and distribution company in China , has completed its Series B financing. Matrix Partners China led this round, with participation by Sequoia Capital China, an investor in its Series A round, as well as a reputable strategic investor. David Su, Managing Partner of Matrix China , joined the board of the Company. China eCapital acted as the exclusive financial advisor to Bona Group on this transaction. Founded in 1999 by Mr. Yu Dong, a veteran in the Chinese film industry, Bona Group established its footprint in the Chinese film landscape by introducing a large number of Hong Kong films to the mainland market in early 2000' s. In 2007, Bona received an equity investment from Sequoia and SIG. Since then, riding on the booming Chinese film market, Bona has successfully transformed itself from a niche film distributor into a dynamic production and distribution powerhouse with a goal of becoming the Paramount of China. In 2008, the Company distributed 14 films and grossed RMB760 million, accounting for 30% of the total box office for domestic films in China . Founded in 1977, Matrix Partners is a leading venture capital firm with offices in Boston and the Silicon Valley , with over US$4billion under management. Companies that Matrix Partners have previously invested include Apple (NASDAQ: AAPL), FedEx (NYSE: FDX), Sycamore Networks (NASDAQ: SCMR), Cascade Communications, and numerous other successful companies. Matrix Partners China I is a venture capital fund with US$ 300M under management, focusing exclusively on making investments in early and early-expansion stage companies in mainland China . It was founded in January 2008 by Bo Shao (former founder and CEO of EachNet and General Partner at Matrix Partners) and David Zhang (former Managing Director of WI Harper Group). David Su, former Founding Partner of TDF Capital, joined Matrix China as Managing Partner in 2008. As of July 2009, it has invested in BabyTree, Anjuke, Edan, Huakang, Career and 21 ViaNet.About China eCapital China eCapital is a leading investment bank in China. Founded in 2000 with headquarters in Beijing, it provides private placement, merger and acquisition (M&A), and initial public offering (IPO) advisory services. With an international background and strong local presence, China eCapital has emerged as one of the most dynamic and active players in the Chinese investment banking market. While its clients encompass a wide spectrum of industries, the firm is focused on media and entertainment, technology and internet, consumer products and services, healthcare, and cleantech. For more information please visit our website at www.china-ecapital.com.
|
||||||||